Kincora Copper Total Risk Alpha
| KCC Stock | | | CAD 0.07 0.01 8.33% |
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Kincora Copper has current Total Risk Alpha of 0.111. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.111 | |
| ER[a] | = | Expected return on investing in Kincora Copper |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Kincora Copper |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Kincora Copper Total Risk Alpha Peers Comparison
Kincora Total Risk Alpha Relative To Other Indicators
Kincora Copper is rated
third overall in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
405.41 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Kincora Copper is roughly
405.41 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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